The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It’s reportedly the first time the watchdog has sought to unwind a tech deal.
United States
UN Human Rights Day observed at the UN HQ
UNITED NATIONS(TIP): United Nations Human Rights Day was observed at the UN Headquarters in New York, December 10. A panel discussion on “Equality, Dignity and Justice for All” was the highlight of the celebrations. The panelists […]
NY/NJ/CT
Ayurveda Day Celebrated
NEW YORK (TIP): World Ayurveda Day this year was on Dhanvantri Jayanti, October 23rd. To commemorate this day, leading Ayurvedic organizations collaborated on an engaging virtual program that included distinguished guests from US and overseas […]
Featured
How Congress stunned Akalis in Shahkot
Shahkot by-election in Punjab was caused by the death of an Akali former minister Ajit Singh Kohar. In order to cash in on sympathy wave, the Akali supremo allotted the party ticket to Naib Singh […]
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